Betting firm William Hill has been hit with a £6.2m penalty package for breaching anti-money-laundering and social responsibility regulations. The penalty is the second biggest imposed by the Gambling Commission.
Carolyn Harris, MP for Swansea East and Chair of the Fixed Odds Betting Terminals All Party Parliamentary Group, comments:
“I was deeply concerned to hear that the betting firm William Hill has been fined £6.2m for breaching anti-money-laundering and social responsibility regulations.
These are very serious breaches, which the Gambling Commission indicate demonstrate systemic problems at the company.
William Hill, along with the wider gambling industry, must take their responsibilities in terms of dealing with money laundering and problem gambling seriously.
The Government must also act decisively to minimise risks through reducing the stake on Fixed Odds Betting Terminals to £2 with immediate effect.”
Notes to Editors
- Carolyn Harris MP is the Member of Parliament for Swansea East. She is the Chair of the All Party Group on Fixed Odds Betting Terminals, a Group she founded in 2016.
- The FOBT APPG has undertaken two inquiries into FOBTs and written to the Prime Minster imploring her to act on these machines.